Discover a prime investment opportunity with this duplex and casita located in a rare and highly desired neighborhood. This property presents endless potential for both moderate and high-end renovations, catering to various investor strategies. With multiple rental options available, each of the three units offers its own separate entrance for enhanced privacy and rental flexibility. The main house features 3 bedrooms and 2.5 baths spanning 1642 sqft, while the back unit offers 2 bedrooms and 1 bath across 684 sqft. Additionally, a versatile casita with 1 bedroom and 1 bath (potentially an efficiency studio) occupies 239 sqft (non-conforming, not included in total square footage). Situated in Balboa Island of Newport Beach, this home is perfect for savvy investors seeking to capitalize on a promising location and multiple winning property configurations.
Sold for $3,150,000 on 08/15/24
Listing Provided by:
Duke Nguyen DRE #02102801 949-822-9620,
Equity Partners Real Estate and Lending Inc
Bought with: Equity Partners Real Estate and Lending Inc
$3,150,000
136 Topaz Ave, Newport Beach, CA 92662
6beds
2,326sqft
Duplex
Built in 1956
2,550 Square Feet Lot
$3,240,300 Zestimate®
$1,354/sqft
$9,097 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: December 04, 2024 at 07:23pm
Listing Provided by:
Duke Nguyen DRE #02102801 949-822-9620,
Equity Partners Real Estate and Lending Inc
Bought with:
Duke Nguyen, DRE #02102801
Equity Partners Real Estate and Lending Inc
Source: CRMLS,MLS#: OC24120988
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 2
- Main level bedrooms: 1
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Electric Oven, Gas Cooktop, Microwave, Refrigerator, Range Hood, Vented Exhaust Fan, Water Heater
- Laundry: Electric Dryer Hookup, Gas Dryer Hookup, In Kitchen
Features
- Built-in Features, Brick Walls, Balcony, Ceiling Fan(s), Crown Molding, Granite Counters, In-Law Floorplan, Pantry, Stone Counters, All Bedrooms Up, Bedroom on Main Level
- Flooring: Carpet, Laminate, Tile
- Doors: French Doors
- Windows: Bay Window(s)
- Has fireplace: Yes
- Fireplace features: Family Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,326 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage, No Driveway, Garage Faces Rear
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: Front
- Pool features: None
- Has spa: Yes
- Spa features: In Ground, Private
- Has view: Yes
- View description: Neighborhood, Peek-A-Boo
- Waterfront features: Across the Road from Lake/Ocean, Beach Access, Ocean Side Of Freeway, Ocean Side Of Highway
Lot
- Size: 2,550 sqft
- Features: 0-1 Unit/Acre
Details
- Additional structures: Guest House
- Parcel number: 05006330
- Zoning: R2
- Special conditions: Standard,Trust
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod,Traditional
- Property subtype: Duplex
Materials
- Roof: Shingle
Condition
- New construction: No
- Year built: 1956
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Biking, Curbs, Fishing, Gutter(s), Street Lights, Sidewalks, Water Sports, Marina
Location
- Region: Newport Beach
- Subdivision: Balboa Island - Main Island (Balm)
Other
Other facts
- Listing terms: Cash,Cash to New Loan
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Estimated market value
$3,240,300